JPMorgan China names new heads for China investment banking arm
JPMorgan Chase & Co appoints Lu Fang to chair the board of its China securities arm, replacing former chair Park Pu, according to a company memo reviewed by Reuters and confirmed by a company spokesperson. Greg Yu, recently deputy general manager of J.P. Morgan Securities China Company, has been promoted to general manager, according to the memo issued on Wednesday. The securities unit, which JPMorgan won the approval in 2021 to convert from a joint venture to a wholly owned subsidiary, employed 210 staff in China at the end of 2022, one of the largest among foreign securities firms.
Source: yahoo.com
